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Jan 13, 2013
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the fiscal cliff comes along. you get a deal. you voted against it here and you were the only democrat to vote against it. why did you vote against it? >> there were several of us on the democratic side that voted against it. my sense is that if we are going to really move this country forward, we have to start dealing with the big challenges we face -- physically, socially -- now, not do these short-term fixes. a long-term fix would have included something that would have disposed of the so-called fiscal cliff. i believe this short-term deal creates three new fiscal cliff's, which is not the way you want to run -- whether it is a small business on main street or the largest economy in the world. we need to get to the point of dealing with the biggest deficit in the country, the jobs deficit. to me, this bill simply put a band-aid on the problem. it did do something the president wanted to do, committed to do. he delivered on the promise to try to help protect the middle- class class. my theory is that in the next three political
the fiscal cliff comes along. you get a deal. you voted against it here and you were the only democrat to vote against it. why did you vote against it? >> there were several of us on the democratic side that voted against it. my sense is that if we are going to really move this country forward, we have to start dealing with the big challenges we face -- physically, socially -- now, not do these short-term fixes. a long-term fix would have included something that would have disposed of the...
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Jan 19, 2013
01/13
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as part of the fiscal cliff of arrangement. and we have the infamous debt ceiling that will come into play. we will see a lot of activity in the next few months, debates about the purpose of the government, about the size of the deficit, and a lot of back- and-forth over these three issues. i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not the best way to improve your credit rating. all of these issues are important, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of pe
as part of the fiscal cliff of arrangement. and we have the infamous debt ceiling that will come into play. we will see a lot of activity in the next few months, debates about the purpose of the government, about the size of the deficit, and a lot of back- and-forth over these three issues. i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to...
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Jan 2, 2013
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host: let's look at some details of the fiscal cliff bill. it permanently extends the bush- era tax cuts for people making up to $400,000 or couples making up to -- on facebook -- three of our followers like that on our facebook page, where you can weigh in and give your opinion. patty is on the republican line. caller: hello. before the also called tax cuts for the rich -- that is what you guys and the media called it for years and years -- now we find out it is a big tax cut for the middle class. in 2001 me and my husband looked at our business and when you added up the federal income tax, the minnesota state income tax, tax, one of us was working for the government, either local or federal. we decided we were not dealing with a corrupt entity and people lost their jobs when we sold the business. now it punishes hardworking people. the last caller, the democrat with low information, he does not even know that it is fiscal cliff and not physical cliff. they don't know capital gains tax, sales tax. they never produced anything pervasive with
host: let's look at some details of the fiscal cliff bill. it permanently extends the bush- era tax cuts for people making up to $400,000 or couples making up to -- on facebook -- three of our followers like that on our facebook page, where you can weigh in and give your opinion. patty is on the republican line. caller: hello. before the also called tax cuts for the rich -- that is what you guys and the media called it for years and years -- now we find out it is a big tax cut for the middle...
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Jan 13, 2013
01/13
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going to look at the fiscal cliff first. big, hard-fought battle over spending and cuts. you have plenty of experience in this arena. you were on the biden commission, the super committee. both of those failed. and then the fiscal cliff comes along, you get a deal but you voted against it. you were the only democrat to vote against it. why? and what's going to take for you to get on board? >> well, there were several who voted against it. but my sense is that if we're going to move this country forward we're going to start dealing with the big challenges we face fiscally, socially, now. not through the short-term fixes. to me, a fix, a long-term fix would have included something that would have disposed of the so-called fiscal cliffs. i believe this short-term deal creates three new fiscal cliffs which is not the way you want to run, whether it's the smallest business on main street or the largest economy in the world. so what we need to do is get to the point of dealing with the biggest deficit this country faces the jobs deficit. and to me this bill simply put a band ai
going to look at the fiscal cliff first. big, hard-fought battle over spending and cuts. you have plenty of experience in this arena. you were on the biden commission, the super committee. both of those failed. and then the fiscal cliff comes along, you get a deal but you voted against it. you were the only democrat to vote against it. why? and what's going to take for you to get on board? >> well, there were several who voted against it. but my sense is that if we're going to move this...
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Feb 12, 2013
02/13
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struck, could occur march 1, and the fiscal cliff, when the government runs out of money, could occur in three months unless the u.s. treasury department takes extraordinary measures. the two will discuss how congress and the white house can avoid recurring crises by additional program cuts while not removing benefits from people who need them. they are also expected to address the roles and timing of additional revenues and tax reform versus program cuts, including public concerns about social security and medicare. both will likely discuss president obama's request to congress to reach an agreement that at least delays the sequester and his announcement that his previous proposals are still on the table. the senate budget bill, which may be voted as early as thursday, in process is another issue at hand. dr. price, an orthopedic surgeon, who is the vice chair of the budget committee of the congress, was elected to represent georgia's sixth district in 2004 and resides in roswell, georgia, near atlanta. before coming to congress, he was medical director of the orthopedic hospital in
struck, could occur march 1, and the fiscal cliff, when the government runs out of money, could occur in three months unless the u.s. treasury department takes extraordinary measures. the two will discuss how congress and the white house can avoid recurring crises by additional program cuts while not removing benefits from people who need them. they are also expected to address the roles and timing of additional revenues and tax reform versus program cuts, including public concerns about social...
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Jan 2, 2013
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the problem is, we have set up three more fiscal cliffs. we will have to deal with the debt ceiling, we will have to deal with the continuing resolution expiration, and we will have to deal with the sequestered. all that is left is spending cuts. the only question we have to ask ourselves is, what programs do we cut and how deep do we cut them? we have to look back on this night and regret it, notwithstanding the fact that 95% of us will look for. thank you. >> the gentleman from michigan, mr. camp. >> i'm prepared to close the to the gentleman is prepared to close. >> i yield one minute to the gentleman from new york. >> recognized for one minute. >> thank you, mr. chairman. i rise today to support this bill. essentially, we have two choices here -- we prevent us from going over the cliff, or we go over the cliff. that would wreak havoc with the markets and everything else. it never should have come to this. we should have been negotiating and passing a balanced bill. the american people are fed up with what they see in this dysfunctional
the problem is, we have set up three more fiscal cliffs. we will have to deal with the debt ceiling, we will have to deal with the continuing resolution expiration, and we will have to deal with the sequestered. all that is left is spending cuts. the only question we have to ask ourselves is, what programs do we cut and how deep do we cut them? we have to look back on this night and regret it, notwithstanding the fact that 95% of us will look for. thank you. >> the gentleman from...
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Jan 3, 2013
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for this fiscal cliff think, what we need to do is cut 1% from foreign aid. we need to stop paying insurance for members of congress and the senate. let them pay their own insurance. when they get kicked out of office, let them go on [inaudible] like we do. they have all these benefits and they do not care about what is gone with us. we have to stand up as a people and say, enough is enough. we send you to vote for us, look out for the country, and your looking out for your next election. we need to get you out of their next election time. we need to be strong about it. the people have the power to do what needs to be done. go to your capitals, and let people know that we are in charge, not a do-nothing congress. guest: the people have always been in charge. they vote to end, they vote you out. when the people vote, they speak for themselves. we either fill you are a good representative, or not. when we get our paperwork, i am going to pay for my own insurance. i have done that since i have been working. i do not see anything there. host: having a seat in con
for this fiscal cliff think, what we need to do is cut 1% from foreign aid. we need to stop paying insurance for members of congress and the senate. let them pay their own insurance. when they get kicked out of office, let them go on [inaudible] like we do. they have all these benefits and they do not care about what is gone with us. we have to stand up as a people and say, enough is enough. we send you to vote for us, look out for the country, and your looking out for your next election. we...
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Jan 3, 2013
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on the fiscal cliff. they're actually well positioned, i think they got trounced in the fissical cliff debate but they feel like, we've done the revenue side, now we're going after spending in 2013. but republicans and democrats have a habit of saying, we'll get to spending, just later on. and once again they've done that. president obama has indicated, listen, he still wants more revenue, wants to go after tax loopholes. he's not done going after revenue. host: a democratic caller, d rambings nell from maryland. caller: i agree with the last caller, he right. we heard lindsay graham and mccain talking about round two they're trying to, want to stick it to obama. they're hurt because obama made them look bad in his sweach. what they need to do is lead, follow, get out of the way. let obama lead, he's doing a great job, knows what he's doing, he's better at it than they are. we need to cut spending and also we need to look at the problem with american health care, we need to work on the problem which is th
on the fiscal cliff. they're actually well positioned, i think they got trounced in the fissical cliff debate but they feel like, we've done the revenue side, now we're going after spending in 2013. but republicans and democrats have a habit of saying, we'll get to spending, just later on. and once again they've done that. president obama has indicated, listen, he still wants more revenue, wants to go after tax loopholes. he's not done going after revenue. host: a democratic caller, d rambings...
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Mar 13, 2013
03/13
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we got about $600 billion, not as much as i wanted from the fiscal cliff deal. we have cut $2.5 trillion in spending. you do the math. $600 billion is a lot less than $2.5 trillion in spending. talk about a balanced approach. in terms of closing tax loopholes, i think there are a great many opportunities to do that. for example, the buffett rule. it is named after warren buffett who said, here i am a billionaire and my secretary pays less in taxes than i do. if you have net income over $2 million, you should have an effective tax rate of of least 30%. the ryan budget does not do anything about the oil and gas subsidies that we could close. it is important to put investment in areas where we need investments. one shift those to a new economy and building a good grid by creating jobs and incentivizing business. let's work with business and incentivizing these companies to create jobs and opportunities for folks. i do get your point that you ponied up $600 billion and that is a sacrifice of the 1% of our country. there have been $2.5 trillion taken out of the econo
we got about $600 billion, not as much as i wanted from the fiscal cliff deal. we have cut $2.5 trillion in spending. you do the math. $600 billion is a lot less than $2.5 trillion in spending. talk about a balanced approach. in terms of closing tax loopholes, i think there are a great many opportunities to do that. for example, the buffett rule. it is named after warren buffett who said, here i am a billionaire and my secretary pays less in taxes than i do. if you have net income over $2...
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Mar 17, 2013
03/13
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now, in the fiscal cliff deal he was able to get his time. he got -- tax hikes. he wanted to raise taxes on millionaires and become nares. it wasn't just them. he got that that's 600 billion in new taxes. let's not forget about obama care. obama care which was the president's signature that raises taxes over $1 trillion. over 20 of those new tax hikes in obama care hit middle class fam lifments we want to repeal obama care but also those middle class taxes that he includes there. and so if you look at it he's gotten almost $2 trillion in new taxes in the last four years and we said enough is enough. raising taxes has never balanced the federal budget. and it hurts our economy. the president even admitted that raising taxes in a bad economy kills jobs so why would you can't to continue raising taxes? let's control spending. washington spending is in the highest level in the history of our country. there's not a tax ref new problem. there's a spending problem. it's not only hurting washington and our ability to balance the budget. it's hurting our economy. and peop
now, in the fiscal cliff deal he was able to get his time. he got -- tax hikes. he wanted to raise taxes on millionaires and become nares. it wasn't just them. he got that that's 600 billion in new taxes. let's not forget about obama care. obama care which was the president's signature that raises taxes over $1 trillion. over 20 of those new tax hikes in obama care hit middle class fam lifments we want to repeal obama care but also those middle class taxes that he includes there. and so if you...
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Jan 8, 2013
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a lot of the focus on the fiscal cliff was about the tax cuts enacted under president bush in 2001-2003. there were many other tax provisions that were expiring or starting at the start of the year. it was important to distinguish different categories. what we did is we went through all of the tax provisions that were part of the fiscal cliff and put them into nine different bids. we thought it was useful to track them. he can see them on the sheet of paper in front of you or on the screen. they included the alternative minimum tax package. we lived there about a decade in which it was scheduled to expand to many more households to roughly 25 million households. congress would periodically step in. there were the tax cuts that were enacted under president bush that primarily affected low to moderate income households. there were the ones that primarily affected those under ordinary income or capital gains. you can see that there was the estate tax. it was scheduled to go up in the beginning of the year. you can see things called the expenditures. this is several dozen provisions, mostly
a lot of the focus on the fiscal cliff was about the tax cuts enacted under president bush in 2001-2003. there were many other tax provisions that were expiring or starting at the start of the year. it was important to distinguish different categories. what we did is we went through all of the tax provisions that were part of the fiscal cliff and put them into nine different bids. we thought it was useful to track them. he can see them on the sheet of paper in front of you or on the screen....
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Jan 6, 2013
01/13
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then from new year's day, debate over the fiscal cliff and house of representatives. later, the president talking about the fiscal cliff agreement from the white house briefing room. now, president obama on new year's eve, and on congress to avert the so-called fiscal cliff and middle-class tax hikes. [applause] >> happy new year to you. >> hello, everybody. thank you. everybody have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you want to hear on new year's eve is another speech from me. but i do need to talk about the progress being made in congress today. for the last few days, leaders of both parties are working toward an agreement that will prevent a middle-class tax hike from hitting 98% of all americans starting tomorrow. preventing that tax hike has been my top priority. the last thing that folks like the folks appear on this stage can afford right now is to pay an extra $2,000 in taxes next year. middle-class families cannot afford it, businesses cannot afford it, our economy cannot afford it. today, it appears
then from new year's day, debate over the fiscal cliff and house of representatives. later, the president talking about the fiscal cliff agreement from the white house briefing room. now, president obama on new year's eve, and on congress to avert the so-called fiscal cliff and middle-class tax hikes. [applause] >> happy new year to you. >> hello, everybody. thank you. everybody have a seat. good afternoon, everybody. welcome to the white house. i realize that the last thing you...
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Jan 12, 2013
01/13
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the fiscal cliff was kicked down the road. decades of over promising and overspending have led to an embarrassing situation of fiscal irresponsibility. but the problem is, of virginia is uniquely vulnerable because of our high proportion of federal workers and defense spending. given the unresolved, in washington, i propose a number of measures. we should add another $50 million to more than double our rainy day fund to nearly $740 million by the end of this fiscal year. i ask that to bolster our federal contingency fund to address the negative impact. the economic downturn has made it difficult for our counties and cities. some of the policies we passed up here have made it worse. that is why i am proposing $45 million to eliminate the awkward policy of localities writing checks back to the state at the end of the fiscal year. the cost of medicaid in our budget has grown 1600% in the last 30 years. now consumes 21% of the total general fund. va simply cannot afford to become the bank for a federally designed expansion of medi
the fiscal cliff was kicked down the road. decades of over promising and overspending have led to an embarrassing situation of fiscal irresponsibility. but the problem is, of virginia is uniquely vulnerable because of our high proportion of federal workers and defense spending. given the unresolved, in washington, i propose a number of measures. we should add another $50 million to more than double our rainy day fund to nearly $740 million by the end of this fiscal year. i ask that to bolster...
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Jan 1, 2013
01/13
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those people realize that this so-called fiscal cliff, but there is a reason why these tax cuts camp -- come up every year. it is so they can keep debating over the american people, to allow the american people to pay super rich people's america -- their taxes. i just do not get what people do not understand that this is why it comes up every year. that is what we will keep doing. this is what they are fighting for. it is wild. sexting dollar trillion of debt is bush and obama tax cuts -- $16 trillion that is the bush tax cuts that keep coming up. the medicare plan be. that is the other is trillion dollars. we cannot rely on the american people to allow this to happen. host: a prediction of a possible vote later on today -- the a p noted in a story earlier this morning that tea party senators did approve, some of them, a couple of them, did approve this deal earlier this morning in the senate. also, the ap report in this morning that officials also decided at the last minute to use the measure to prevent a $900 pay raise for lawmakers to take effect this spring. that is something our
those people realize that this so-called fiscal cliff, but there is a reason why these tax cuts camp -- come up every year. it is so they can keep debating over the american people, to allow the american people to pay super rich people's america -- their taxes. i just do not get what people do not understand that this is why it comes up every year. that is what we will keep doing. this is what they are fighting for. it is wild. sexting dollar trillion of debt is bush and obama tax cuts -- $16...
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Oct 3, 2013
10/13
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bigou and i have seen these fiscal cliff's cr summits and it , let's cut the bill and we will get to the spending reduction down the road. that is where the frustration is. without this drama, we never seem to get their. if the gentleman would give me 10 more seconds, the question becomes, if now, when? >> it is not about the affordable care act anymore? i loath the sequester numbers and i think it is doing damage to our economy. i i were in the senate, would've sent over acr with different numbers because i think these numbers are god- awful. -- let mele democrat finish -- i'm a liberal democrat, make no bones about i'm going toid, support a short-term cr at the 986, tothat i hate, keep the government going. that,mpromising in a way quite frankly, i find it difficult to do because these are lousy numbers. i came from a rally with headstart providers. headstart providers are shut down. we have ae shutdowns, governor trying to find money for a couple of weeks. if you do not resolve this, they will shut down. there is a real hurt. the senate sent this number over and i do not like it.
bigou and i have seen these fiscal cliff's cr summits and it , let's cut the bill and we will get to the spending reduction down the road. that is where the frustration is. without this drama, we never seem to get their. if the gentleman would give me 10 more seconds, the question becomes, if now, when? >> it is not about the affordable care act anymore? i loath the sequester numbers and i think it is doing damage to our economy. i i were in the senate, would've sent over acr with...
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Feb 13, 2013
02/13
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that was a result of the fiscal cliff. if we are going to have balance, the sequestration cuts should be dealt with with alternate cuts redistributed or not with additional revenue. host: does that mean that sequestration happens? if so, are you concerned that jobs will be lost? guest: i am concerned that they will be lost. it is very likely to happen again. the house has acted twice on this here is the senate has not done anything yet. it appears to be rousing to action at the last minute. the president has not put forth a proposal. it is nice to talk about generalities about a balanced approach. i would like to know his specific proposals. our suspicion is that the president wants to our curve -- occur so it will be politically advantageous so he can negotiate in march. i would be more impressed if this was an urgent crisis and the president would be here meeting at the white house to deal with it. he has not done that. it suggests he is not as concerned work serious about it as he should be. host: are you concerned that
that was a result of the fiscal cliff. if we are going to have balance, the sequestration cuts should be dealt with with alternate cuts redistributed or not with additional revenue. host: does that mean that sequestration happens? if so, are you concerned that jobs will be lost? guest: i am concerned that they will be lost. it is very likely to happen again. the house has acted twice on this here is the senate has not done anything yet. it appears to be rousing to action at the last minute. the...
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Mar 10, 2013
03/13
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the house democrats during the fiscal cliff deal were uncomfortable with some the things that president obama put on the table in cuts in medicare and medicaid and changed cpi. if there is a budget deal, are those things that the president put on the table things the house democrats could get behind? >> we're willing to talk about it. the president has put some proposals on the table. some are not on the table in terms of his budget. raising the age for medicare. i think that is very troublesome. when you look at it, what is going to happen to the people will no longer be covered? half of people retire before 65 today. even more retire before the age of 67. the president has put some ideas and we are unwilling to talk about entitlements. the problems with what republicans are republican, it is kind of the same thing. this cannot happen. the public does not want it. in terms of medicaid, i do not know it is understood how much of medicaid provides long-term care for people. to simply say take all of this money and ship it to the states under cut an important part of the purpose of medica
the house democrats during the fiscal cliff deal were uncomfortable with some the things that president obama put on the table in cuts in medicare and medicaid and changed cpi. if there is a budget deal, are those things that the president put on the table things the house democrats could get behind? >> we're willing to talk about it. the president has put some proposals on the table. some are not on the table in terms of his budget. raising the age for medicare. i think that is very...
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Feb 3, 2013
02/13
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we had to cut, and i cut that. >> was a fiscal cliff part of the issue that you did not get to also? >> the fiscal cliff came up. i decided we said enough about it. >> right. >> matthew. and investigated during the list. -- i'm an investigative journalist. there is a little bit of the vice presidential debate on the fact that the president attended your wedding to the fcc chairman. do you think that was handled right? given a second chance, would you do anything differently? >> i did not have to handle that carri. i will not comment on that. that was something that happened two days before the debate. it is in "the new york times" quite a bit before that i believe. that had nothing to do with what i did at the debate. nothing. >> thank you. >> yes please. >> my name is steve. i work in the news business. to the extent that you are all familiar, share some anecdotes about stage manager on some of these debates and keeping people on time and their cues and not bearing far-off from the questions. >> time cues and stuff, i'll tell you a quick antidote. 1988. george h. w. bush. halfway in
we had to cut, and i cut that. >> was a fiscal cliff part of the issue that you did not get to also? >> the fiscal cliff came up. i decided we said enough about it. >> right. >> matthew. and investigated during the list. -- i'm an investigative journalist. there is a little bit of the vice presidential debate on the fact that the president attended your wedding to the fcc chairman. do you think that was handled right? given a second chance, would you do anything...
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Jan 7, 2013
01/13
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part of the fiscal cliff deal they were paid for in a balanced way with roughly 50% spending cuts and 50% revenue. that is an approach the president believes is very important to continue. you know when members of congress suggest they are not part of the equation it does not make a lot of sense. i stood here and discussed the various proposals going back and forth when the president was in negotiations with the speaker, a big deal. one that would address our long-term fiscal challenges through broader deficit reduction. the speaker put on the claim what he claimed was a revenue made up entirely of the closeure of loopholes and the capping of deductions, tax reform. either that was good policy they no longer support or republicans believe what the president does. through tax reform we can achieve i would ask what about that $800 billion proposal that was ok then but not now. republicans said they believed we need to reform the tax code and that there are loopholes crying out to be closed that no longer serve the country fthey ever did. there are ways to cap deductions and reforming ou
part of the fiscal cliff deal they were paid for in a balanced way with roughly 50% spending cuts and 50% revenue. that is an approach the president believes is very important to continue. you know when members of congress suggest they are not part of the equation it does not make a lot of sense. i stood here and discussed the various proposals going back and forth when the president was in negotiations with the speaker, a big deal. one that would address our long-term fiscal challenges through...
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Jan 2, 2013
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leaving us almost no time tie vert the fiscal cliff. by making tax cuts for billionaires an millionaires their biggest priority the majority not only endangered our economy but led the house through legislative process that violated any sense of regular order and transparency. indeed, if my -- as my colleagues and i sat in rules committee last week, the legislation we were considering was changing by the minute. leaving us to guess at what would actually be included in any bill that required our vote. sadly, such dysfunctional governing comes as little surprise. for the past two year the majority has had a combination of extreme partisanship -- of partisanship and extremism resulting in the least productive congress in history. in 2011, they threatened to default on our nation's debt this dangerous and irresponsible approach rattled investors around the world and led to the first ever downgrade of our nation's credit. in addition, over the last two year the majority has voted more than 33 times to repeal the historic affordable care act
leaving us almost no time tie vert the fiscal cliff. by making tax cuts for billionaires an millionaires their biggest priority the majority not only endangered our economy but led the house through legislative process that violated any sense of regular order and transparency. indeed, if my -- as my colleagues and i sat in rules committee last week, the legislation we were considering was changing by the minute. leaving us to guess at what would actually be included in any bill that required...
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Feb 9, 2013
02/13
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people argue that the time of the fiscal cliff that we should let the cuts happen and the bush tax cuts all expire. they would be ripping teeth and a gulf of the problem. you would feel short-term pain, -- ripping the bandaid off of the problem. you would feel short-term pain. a lot of people are afraid of having that happen with the potential of job losses. there would be job losses in sequestration on the domestic spending and the defense spending side. he estimates are 3.5% loss of gdp would take us into recession -- 0.5% loss of gdp would take us into recession. that would happen in the next quarter if the sequestration cuts happen. host: we have an article from bloomberg. budget cuts totaling $109 billion. defense cuts would be $55 billion. mostly discretionary. non-defense discretionary, $38 billion. non-defense mandatory, $16.70 billion. explain the difference between non-defense discretionary and 9- defense method -- mandatory -- non-defense mandatory. guest: certain research programs as certain agencies. they are not like social security and medicare. whatever the government wa
people argue that the time of the fiscal cliff that we should let the cuts happen and the bush tax cuts all expire. they would be ripping teeth and a gulf of the problem. you would feel short-term pain, -- ripping the bandaid off of the problem. you would feel short-term pain. a lot of people are afraid of having that happen with the potential of job losses. there would be job losses in sequestration on the domestic spending and the defense spending side. he estimates are 3.5% loss of gdp would...
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Jan 23, 2013
01/13
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the action we took new year's day to avoid the fiscal cliff brought our total deficit reduction over the past two years to $2.5 trillion. what's more, it set the stage for future further balanced agreements that include both spending cuts and new revenue. we should proceed with that effort, not plunge into further uncertainty. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from smch recognized. mr. camp: i yield myself 15 seconds to say, standard and poor's downgraded the u.s. on august 5 after the solution was passed. therefore it reflects that what we agreed to falls short to stabilize the medium-term debt die nam ins. with that i yield two minutes to a distinguished member of the ways and means committee, the gentleman from wisconsin, mr. ryan. mr. ryan: i ask unanimous consent to revise and extend. the speaker pro tempore: without objection, recognized for two minutes. mr. ryan: you know what we know with certainty? we know with certainty a debt crisis is coming to america. this is not a question of if, it's a question of when. wh
the action we took new year's day to avoid the fiscal cliff brought our total deficit reduction over the past two years to $2.5 trillion. what's more, it set the stage for future further balanced agreements that include both spending cuts and new revenue. we should proceed with that effort, not plunge into further uncertainty. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from smch recognized. mr. camp: i yield myself 15 seconds to say,...
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Jan 15, 2013
01/13
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then you have the sequestration that was delayed under the fiscal cliff deal. so there are more than one battle happening. where do you think the negotiations should take place? should be the debt ceiling or the continuing resolution to fund the government or sequestration? caller: the continuing revolution to keep the government going -- resolution. there are many departments we don't need. i was showing my grandchildr the debt clock, telling him how much money he would know when he becomes a taxpayer. he said he does not want to become a taxpayer. this is taxation without representation. they have to get this under control. they need a dyiet. host: jason is a democratic caller in brooklyn, new york. caller: i think the debt is negotiable. it has been high before. host: what did you say? caller: it ought to be negotiable. i think obama needs to the finish his job. spending programs for poor neighborhoods and give other people a chance in this country. the tea party and right-wing republicans, it is obvious they are racist and nobody wants to work with them. in
then you have the sequestration that was delayed under the fiscal cliff deal. so there are more than one battle happening. where do you think the negotiations should take place? should be the debt ceiling or the continuing resolution to fund the government or sequestration? caller: the continuing revolution to keep the government going -- resolution. there are many departments we don't need. i was showing my grandchildr the debt clock, telling him how much money he would know when he becomes a...
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Jul 30, 2013
07/13
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. >> is what i want to say. 82% of bush tax cuts were locked in by the fiscal cliff deal. >> i am talking about high and rates.- high end >> yes. this.not know if you are i would be interested in your response. i do not think we are near done on the revenue side. i have been stressing we have cut 2.8 million over 10 already. if you look at the policy part, 70% has been spending cut -- cuts.30% has been revenues. ism not sure if the optimal 50-50. certainly, 70 -- 30 sounds unbalanced. having locked in 80% of the bush tax cut is not mean we are done. thirdly, i am not sure -- the president in his budget that fourth -- has elaborated, 400 billion dollars in medicaid and medicare cuts and $200 billion in other cuts. you know, i think the analysis you describe sounds accurate to me. >> should he be out pushing the budget? i agree there is a lot of good stuff in the presence question. that's there's a lot of good stuff in the president's budget. should he be out pushing the budget? >> he has his offer on the table. >> this is the issue of the senate. they are looking for a counteroffer. i've y
. >> is what i want to say. 82% of bush tax cuts were locked in by the fiscal cliff deal. >> i am talking about high and rates.- high end >> yes. this.not know if you are i would be interested in your response. i do not think we are near done on the revenue side. i have been stressing we have cut 2.8 million over 10 already. if you look at the policy part, 70% has been spending cut -- cuts.30% has been revenues. ism not sure if the optimal 50-50. certainly, 70 -- 30 sounds...
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May 8, 2013
05/13
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cliff deal gave more revenue and cuts with the sequestration. it is up in the air when the exact date will be. the treasury isn't saying when those extraordinary measures -- but anywhere between july and october is the best guess. >> and may 19, a little bit over a week away. we understand the house leadership has called for next week a closed door meeting with their members. what's going to happen there? >> that meeting is going to get it all out on the table and decide how to go forward or hear ideas how to go forward with the debt talks whether it is a tie-in tax reform or leave it off the table, whether entitlement reform -- so it's going to let the republican members share their opinion and this has come up in the last week and a half, really even this week and decide on a plan to go forward. kevin brady is saying tying tax reform to the debt talks isn't enough. he wants to see it go further with entitlement reform. you have more moderate republicans -- really a lack of consensus right now of what the best package would be. it would allow t
cliff deal gave more revenue and cuts with the sequestration. it is up in the air when the exact date will be. the treasury isn't saying when those extraordinary measures -- but anywhere between july and october is the best guess. >> and may 19, a little bit over a week away. we understand the house leadership has called for next week a closed door meeting with their members. what's going to happen there? >> that meeting is going to get it all out on the table and decide how to go...
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Mar 13, 2013
03/13
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but we made a fiscal cliff deal, we made -- in the budget control act, those were actual cuts. so here we are at the table again saying that the only thing we can do now is just to cut more and more and more spending. i know, you look at people like ben bernanke i mentioned earlier, no, you might be able to accuse me of being a wild-eyed liberal, but you can't say he is. and austerity is really something that we ought to be concerned about. we ought to handle reducing our deficit, yes, i agree with that, but we have to make plans for that. we have to reduce it in strategic ways that don't impair our ability to be innovative. don't impair our ability to provide basic needs to the elderly, to the very, very young and vulnerable. and to our young people who we need to make sure that they -- that they are able to keep pace with technological innovation. host: we have other calls. webster spring, west virginia, democrats line, hello. guest: hi, tim. caller: good morning, c-span. i just want everybody to kind of work together and get on with the senate and the house committee. there
but we made a fiscal cliff deal, we made -- in the budget control act, those were actual cuts. so here we are at the table again saying that the only thing we can do now is just to cut more and more and more spending. i know, you look at people like ben bernanke i mentioned earlier, no, you might be able to accuse me of being a wild-eyed liberal, but you can't say he is. and austerity is really something that we ought to be concerned about. we ought to handle reducing our deficit, yes, i agree...
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Jan 15, 2013
01/13
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that was one of the risks that the fiscal cliff posed. the challenge is to achieve long run sustainability without unduly hampering the recovery which we have. the deal that was struck together with the previous work in 2011 that involved some spending cuts made some progress in both of these goals. sustainability still abil over the decade we have seen improvement in the debt to gdp ratio. there's more work to be done, but some progress there. and in the short run, the fiscal cliff deal on new year's eliminated a good bit of the restrictive components of the fiscal policy that would have had such adverse effects. not completely, but at least a good start. there was a bit of progress on both of these goals, very importantly. i hasten to say that we're not out of the woods, because we are approaching a number of other physical and critical watershed's coming up. we've got the funding of the government, the so-called sequestered, which is a set of automatic spending cuts that were delayed by two months as part of the fiscal cliff arrangemen
that was one of the risks that the fiscal cliff posed. the challenge is to achieve long run sustainability without unduly hampering the recovery which we have. the deal that was struck together with the previous work in 2011 that involved some spending cuts made some progress in both of these goals. sustainability still abil over the decade we have seen improvement in the debt to gdp ratio. there's more work to be done, but some progress there. and in the short run, the fiscal cliff deal on new...
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Apr 10, 2013
04/13
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cliff deal i'm proposing cuts to social security and government benefits through a mechanism called chained cpi which would change the cost of living calculation for the benefits. that is probably the biggest new thing he has proposed but it has never been in his budget. host: what does it mean for the overall discussion of a grand bargain? how's past their budget, the senate democrats passed a budget put together by patty murray. now what? guest: i think the thing to watch today is not actually the release of the budget, but the dinner tonight the president will have with 12 republican senators. i was on the hill yesterday talking to some of the people who will be going to that, and there is a sense of, i would not say a huge amount of optimism, there is a little bit of sign of relations between the president and some republican senators. no one really wants to raise taxes, but people do like the idea of the chained cpi and the cutting -- the social security benefits. it is really what today is about, to try to reach out with senate republicans rather than just cut a deal through s
cliff deal i'm proposing cuts to social security and government benefits through a mechanism called chained cpi which would change the cost of living calculation for the benefits. that is probably the biggest new thing he has proposed but it has never been in his budget. host: what does it mean for the overall discussion of a grand bargain? how's past their budget, the senate democrats passed a budget put together by patty murray. now what? guest: i think the thing to watch today is not...
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Oct 17, 2013
10/13
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on january 1, when the so-called fiscal cliff was averted, and legislation was passed that locked in tax cuts for middle- ratesamericans and raised for the wealthiest of americans, he said, one last point i want to make -- which would suggest it was on his mind -- while i will negotiate over many things, i will not have another debate in this congress about whether or not they should pay the bills they have racked up to the laws they have passed. relative simplicity to the position the president took, which is i'm not asking for anything in return, democrats are not asking for anything in return, congress should do its job and not harm the american people why threatening to fall. >> looking for lessons learned -- >> i think the lesson the president has learned throughout valuerocess is that the of the full faith and credit of the united states is so high that we cannot mess around with it. think learned that lesson through that 2011 process, and he -- >> [indiscernible] >> i think you are misunderstanding the lesson, but the lesson was we cannot have what happened in 2011 happened ag
on january 1, when the so-called fiscal cliff was averted, and legislation was passed that locked in tax cuts for middle- ratesamericans and raised for the wealthiest of americans, he said, one last point i want to make -- which would suggest it was on his mind -- while i will negotiate over many things, i will not have another debate in this congress about whether or not they should pay the bills they have racked up to the laws they have passed. relative simplicity to the position the...
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Jan 2, 2013
01/13
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there were not enough votes, so that is why we are facing this fiscal cliff right now. nancy pelosi, harry reid, for six years they knew this was coming. last term of president obama, there was no budget passed. nobody is talking, the liberal media is not talking. they are hiding the bills that were passed in the house to be tabled and never brought up and never be accountable for. i hold the republicans accountable, too, because they did not step up to the mike and point the finger towards the blame. i have another question to ask. obama asked for complete congressional powers about being able to pull up and give any amount of money that he wanted, taking those powers away from the house. i think that is completely ludicrous. as far as the last caller asking out the democrats and republicans, that me see, if the democrats put a bill together and the republicans don't vote for it, they are mad at it, but if the republicans put a bill and let's say cave to the democrats, there is no bipartisan. i have never seen the democrats actually cave and take care of the fiscal cli
there were not enough votes, so that is why we are facing this fiscal cliff right now. nancy pelosi, harry reid, for six years they knew this was coming. last term of president obama, there was no budget passed. nobody is talking, the liberal media is not talking. they are hiding the bills that were passed in the house to be tabled and never brought up and never be accountable for. i hold the republicans accountable, too, because they did not step up to the mike and point the finger towards the...
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Feb 24, 2013
02/13
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as you pointed out we have been dealing with this with the 2011 budget debate, also the fiscal cliff. even during this economic recovery, one industry thrives -- the manufacturer of synthetic hysteria. guest: we have heard it before. it has been this way for years. once the economy tanked it became time to rebuild and the debt exploded. we are in an era of government where the president and democrats and the political forces that are most powerful in the republican house of representatives do not have any common grounds on fundamental economic policies. a lot of people around town on both sides of the aisle will tell you that the old way of reaching an agreement on this issue -- it is not the first time we have done that reduction. even though it seems like it is overdue, the old way of reaching agreements -- consensus is not attainable anymore. crisis to crisis. we had a debt limit which forced is up against a potential crisis there. guest: the fiscal cliff which is governing by crisis. guest: that is exactly right. this sequestration -- they are baked into the law simply because of
as you pointed out we have been dealing with this with the 2011 budget debate, also the fiscal cliff. even during this economic recovery, one industry thrives -- the manufacturer of synthetic hysteria. guest: we have heard it before. it has been this way for years. once the economy tanked it became time to rebuild and the debt exploded. we are in an era of government where the president and democrats and the political forces that are most powerful in the republican house of representatives do...
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Mar 8, 2013
03/13
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republicans think they agreed to increase tax cut as part of the fiscal cliff deal and they felt the president was pushing them to do something they already did. that he was asking for too much. host: the reaction from democrats to this charm offensive for rank-and-file republicans? guest: democrats will not say they don't want the president meeting with republicans. publicly, they said it's a good thing. i think that many particularly on the hill are sceptical anything will come out of it. host: thanks for joining us. guest:. thanks for having: host: we are taking your calls and e-mails and tweets on this subject in our first 45 minutes this morning. if you, it's already on facebook -- i will take a few calls. rob from new york, new york, on the democratic line. your take on what is being called a charm offensive by president obama? caller: it's not going to work, no matter what president obama does. the republicans want to destroy him. the bottom line is without getting into a campaign finance reform, the way that elected officials get their hands on money in from all the wealthy c
republicans think they agreed to increase tax cut as part of the fiscal cliff deal and they felt the president was pushing them to do something they already did. that he was asking for too much. host: the reaction from democrats to this charm offensive for rank-and-file republicans? guest: democrats will not say they don't want the president meeting with republicans. publicly, they said it's a good thing. i think that many particularly on the hill are sceptical anything will come out of it....
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Jan 10, 2013
01/13
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they started talking about cuts in the fiscal cliff negotiations, but that was taken off the table. >> i feel that there is a cascading effect. if every time you read the debt ceiling and offset that with cuts, if you raise the debt ceiling to get you by for a year, you had trillions of dollars of cuts over 10 years, by the end of the 10 years, you would have to have trillions of dollars over the next century? the math compounds. >> there are cuts on top of cuts that would mean you would not need to read -- raise the debt ceiling anymore. perhaps you could reduce the debt ceiling and increase spending every time you reduce it. i do not know. it is a bizarre scenario. the democrats have said that revenue will be on the table as part of their position. it is not a given that if they do this, all 2 trillion will come from spending cuts. some will come from additional revenue as well. >> is sequestration happens, if congress did not stick with the budget control act, [indiscernible] >> is budget deals do not tend to stick around for long and altered very long. i would not read too much in
they started talking about cuts in the fiscal cliff negotiations, but that was taken off the table. >> i feel that there is a cascading effect. if every time you read the debt ceiling and offset that with cuts, if you raise the debt ceiling to get you by for a year, you had trillions of dollars of cuts over 10 years, by the end of the 10 years, you would have to have trillions of dollars over the next century? the math compounds. >> there are cuts on top of cuts that would mean you...
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Feb 5, 2013
02/13
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so there were opportunities to talk about the fiscal cliff. i for one felt that the delay in the sequester on january 1 was not in the country's best interest. these were the cuts that the congress promised to the american people when the debt limit was raised in august of 2011, this was the promise that was made and it was a promise that was made by the president. it was proposed by -- it was proposed by people within the administration. the bill was signed into law by the president. the president cannot now come back and retroactively veto a bill that's already been signed. this is settled law. and these are cuts on which the american people are depending, their depending on us to keep our word. it's very difficult to cut spending, it's very difficult to cut the budget. every line in the federal budget has a constituency. every line in every appropriations bill has a constituency somewhere that cares deeply about that language being retained. so an across-the-board cut, when all else fails, an across-the-board cut may be the only way that yo
so there were opportunities to talk about the fiscal cliff. i for one felt that the delay in the sequester on january 1 was not in the country's best interest. these were the cuts that the congress promised to the american people when the debt limit was raised in august of 2011, this was the promise that was made and it was a promise that was made by the president. it was proposed by -- it was proposed by people within the administration. the bill was signed into law by the president. the...
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Jan 3, 2013
01/13
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. >> you were at the meetings the republicans had yesterday about the fiscal cliff. too much spending in the governments and the fact that there should be spending cuts. do you understand politically why the house speaker, after making the decision he did? >> he had to make a decision. we disagreed. that was a lifetime ago as far as i am concerned. the bottom line is we are going forward, getting what we believe is necessary. there is no reason to question what happened before. we got individual commitment. that is all. as long as the votes go through on generous 15, we will be satisfied. >> it never came up? one thing new york and new jersey has always done, we have been through tough times. we look forward. we will not look back and say what could have been. people are suffering right now. small businesses are going under. we have economic calamity waiting in the winds if we do not rebuild new york and new jersey. that is what we are focused on doing. we got the commitment on our leader and that is what we are focused on. making sure we have votes and support for j
. >> you were at the meetings the republicans had yesterday about the fiscal cliff. too much spending in the governments and the fact that there should be spending cuts. do you understand politically why the house speaker, after making the decision he did? >> he had to make a decision. we disagreed. that was a lifetime ago as far as i am concerned. the bottom line is we are going forward, getting what we believe is necessary. there is no reason to question what happened before. we...
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Feb 6, 2013
02/13
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the drawn-out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep, indiscriminate cuts to things like education and training, energy and national security will cost us jobs, and it will slow down our recovery. it's not the right thing to do for the economy. it's not the right thing for folks who are out there still looking for work. and the good news is this doesn't have to happen. for all the drama and disagreements that we've had over the past few years, democrats and republicans have still been able to come together and cut the deficit by more than $2.5 trillion through a mix of spending cuts and higher rates on taxes for the wealthy. a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties
the drawn-out process for resolving the fiscal cliff hurt consumer confidence. the threat of massive automatic cuts have already started to affect business decisions. so we've been reminded that while it's critical for us to cut wasteful spending, we can't just cut our way to prosperity. deep, indiscriminate cuts to things like education and training, energy and national security will cost us jobs, and it will slow down our recovery. it's not the right thing to do for the economy. it's not the...
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Mar 4, 2013
03/13
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i do not think this is as big as what the fiscal cliff would have been, which would have driven us into a recession. in my view, this will cut the growth rate and by a enough that we drop below 2% so there is a decent chance the unemployment rate starts going back up again instead of coming down. that is where i would characterize it. >> i think it was said it would take quite a stretch to make this into a major macroeconomic event. it is literally about a quarter of a percentage point direct spending. economists are not sure in an expansion with a high debt ratio where that spending will be off spent, whether the multiplier is slightly negative, 0.6, 1.3, the incoming obama administration used 1.7 in the midst of a deep recession. if you to that, which i believe is wholesome, there is a range. it is a range of disagreement among economists. that would get us up to maybe 2.4%. even the most of what has been used in washington recently, it is a minor macroeconomic event. it is not trivial with respect to some things. it is disproportionate to the military. some people will get disrupted.
i do not think this is as big as what the fiscal cliff would have been, which would have driven us into a recession. in my view, this will cut the growth rate and by a enough that we drop below 2% so there is a decent chance the unemployment rate starts going back up again instead of coming down. that is where i would characterize it. >> i think it was said it would take quite a stretch to make this into a major macroeconomic event. it is literally about a quarter of a percentage point...
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Jan 6, 2013
01/13
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>> the theory that leaders were operating under during the debate on the fiscal cliff that we just wrapped up -- if you saw a situation where you needed to find deficit reduction to offset some sort of either spending cuts or offset increase to the debt limit or be paired with an offset, the farm bill would be a good inclusion in that effort. what we heard senator stabenow say today was a less optimistic view, but a more realistic view, but that is not likely to happen, given what is going on with the farm bill and given what we have learned. the house has no plans to take it up. they did not take it up at all last congress. it is too early to tell really what the plan is among the house leadership. even if chairman lucas does a farm bill, no one knows where it will go. >> as we are taping, some more news has come out on the house side about pushing for a timetable with leadership. how does that dynamic work? ranking member on the house agriculture committee, has said he is not going to participate in the development of a bill until he gets some sort of commitment from the house that they
>> the theory that leaders were operating under during the debate on the fiscal cliff that we just wrapped up -- if you saw a situation where you needed to find deficit reduction to offset some sort of either spending cuts or offset increase to the debt limit or be paired with an offset, the farm bill would be a good inclusion in that effort. what we heard senator stabenow say today was a less optimistic view, but a more realistic view, but that is not likely to happen, given what is...
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Feb 6, 2013
02/13
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[video clip] >> the drawn-out process for resolving the fiscal cliff hurts consumer confidence. the threat of massive automatic cuts has already started to affect business decisions. so we have been reminded that while it is critical for us to cut wasteful spending, we cannot just cut our way to prosperity. deep indiscriminate cuts to education and training, energy, and national security will cost us jobs and it will slow down our recovery. it's not the right thing to do it for the economy. it's not the right thing for folks out there still looking for work. host: your reaction? guest: the president was serious about not slowing down the economy, he would get a handle on his environmental protection agency and stop some of the regulations. he would approved the keystone pipeline. that is something that has been sitting on his desk a long time. there are things that could be done to help the economy apart from the sequestered. the reason the sequester is tough is when you pick up the federal budget and say we will try to find savings in the budget, every single line has a constit
[video clip] >> the drawn-out process for resolving the fiscal cliff hurts consumer confidence. the threat of massive automatic cuts has already started to affect business decisions. so we have been reminded that while it is critical for us to cut wasteful spending, we cannot just cut our way to prosperity. deep indiscriminate cuts to education and training, energy, and national security will cost us jobs and it will slow down our recovery. it's not the right thing to do it for the...
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Dec 11, 2013
12/13
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cliff deal that sequestration shouldn't be replaced with spending cuts alone. this bipartisan deal will help millions of americans who are wondering if they were going to keep paying the price for d.c. dysfunction. from the workers at our military bases and construction projects who were furloughed or laid off, to the kids who lost their slots in head start programs, to the seniors wondering if they were going to have meals on wheels, families who were praying for halted medical research programs to get back to work on a cure and so much more. the budget process can now stop lurching from crisis to crisis. by setting bipartisan spending levels for the next two years, this deal allows congressional committees to proceed under regular order and gives government agencies and the companies that do business with them the certainty they need to hire workers and make investments. this isn't the plan i would have written on my own. i'm pretty sure that chairman ryan wouldn't have written it on his own. and there are obviously differences when it comes to our budget val
cliff deal that sequestration shouldn't be replaced with spending cuts alone. this bipartisan deal will help millions of americans who are wondering if they were going to keep paying the price for d.c. dysfunction. from the workers at our military bases and construction projects who were furloughed or laid off, to the kids who lost their slots in head start programs, to the seniors wondering if they were going to have meals on wheels, families who were praying for halted medical research...
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Jan 1, 2013
01/13
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i don't know what my decision will be as we move forward on this issue of the fiscal cliff, but i will say this, we will not tolerate the american people being held hostage over the debt ceiling. and these unhelpful cuts that will cut into those who are the most vulnerable. that will not be the pathway that we will take. for every economist will tell you if you invest in your people and build infrastructure, you'll grow this country and you'll turn this economy and you'll be able to get people jobs. that's the message that will come forth from this day, january 1, when we are here in this congress. i want the american people to be optimistic because there are members of congress that will fight for your growth, your opportunity, your freedom. that is what america's all about. i yield back. the speaker pro tempore: the gentlelady yields back. for what purpose does the gentleman from virginia seek recognition? >> i ask unanimous consent to address the house for one minute. to revise and extend. the speaker pro tempore: without objection, the gentleman from virginia is recognized for one
i don't know what my decision will be as we move forward on this issue of the fiscal cliff, but i will say this, we will not tolerate the american people being held hostage over the debt ceiling. and these unhelpful cuts that will cut into those who are the most vulnerable. that will not be the pathway that we will take. for every economist will tell you if you invest in your people and build infrastructure, you'll grow this country and you'll turn this economy and you'll be able to get people...
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Jan 9, 2013
01/13
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host: john kerry voted for the fiscal cliff deal. guest: i'm pretty sure barney frank did as well. many democrats supported the deal with the vow that we will hold onto that to cut social security. back to barney frank, our big issue is will he support cuts to social secure become medicaid and medicare benefits, and i believe he will not support those cuts. we to make sure in this appointment and whoever wins the election, it cannot cancel out elizabeth warren. we'll need a bold partner. host: will he seek out your endorsement? guest: i would not put it that way. host: what kind of resources do you have? guest: we have 1 million members across the nation, and this is a unique campaign because there is one person that is the voter, the governor. host: do you think barney frank is a place called -- place holder, or might he change his mind? guest: i think he did not want to deal with a new district, so by that logic, i do not think so. i think it will be a pressing battle if scott brown decides to run. we raised over 2.5 million dollars. we bring people power to the table, everyday p
host: john kerry voted for the fiscal cliff deal. guest: i'm pretty sure barney frank did as well. many democrats supported the deal with the vow that we will hold onto that to cut social security. back to barney frank, our big issue is will he support cuts to social secure become medicaid and medicare benefits, and i believe he will not support those cuts. we to make sure in this appointment and whoever wins the election, it cannot cancel out elizabeth warren. we'll need a bold partner. host:...
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Jan 1, 2013
01/13
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keep in mind that the threat of tax heights going up is only one part of this so-called fiscal cliff. what we also have facing us starting tomorrow or automatic spending cuts that are scheduled to go into effect. keep in mind that some of these spending cuts that congress has said will automatically go into effect have an impact on our defense department but that also have an impact on things like head start. there are some programs that are scheduled to be cut. we are using an ax instead of a scalpel. it may not always be the smartest cuts. that is a piece of business that still has to be taken care of. i want to make clear that any agreement we have to deal with these automatic spending cuts, those also have to be balanced. my principle has always been to do things in a balanced, responsible way and that means revenues as to be part of the equation in turning off the sequester as well as spending cuts. the same is true for any future deficit agreement. we will have to do more to reduce our debt and deficit. i am willing to do more but it will have to be balanced. we will have to do
keep in mind that the threat of tax heights going up is only one part of this so-called fiscal cliff. what we also have facing us starting tomorrow or automatic spending cuts that are scheduled to go into effect. keep in mind that some of these spending cuts that congress has said will automatically go into effect have an impact on our defense department but that also have an impact on things like head start. there are some programs that are scheduled to be cut. we are using an ax instead of a...
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Mar 17, 2013
03/13
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to go republicans say we just did a big tax increase as part of the fiscal cliff, but you look at the some of debt reduction so far that has been done. we have reduced the debt by a ratio of four-one spending cuts to revenue. every major bipartisan group that has looked at this has done a ratio more of a three-one. why is the revenue discussion closed at this point? >> the president ran on raising taxes. we ran on cutting taxes. he was able to get his tax hike. 600 billion in tax hikes. just them, but everyone making over for under $50,000. the 600 billion in new taxes. do not forget about obama care, the president's signature achievement in his first term. over 20 of those new tax hikes hit middle-class families. we're trying to repeal those. we want to completely repeal obama care, but the middle class taxes he includes. if you look at it, he has almost two trillion dollars in new taxes in the past four years. we said enough is enough. it hurts our economy. the president has admitted raising taxes and a bad economy kills jobs, so why would you keep raising taxes? control spending. w
to go republicans say we just did a big tax increase as part of the fiscal cliff, but you look at the some of debt reduction so far that has been done. we have reduced the debt by a ratio of four-one spending cuts to revenue. every major bipartisan group that has looked at this has done a ratio more of a three-one. why is the revenue discussion closed at this point? >> the president ran on raising taxes. we ran on cutting taxes. he was able to get his tax hike. 600 billion in tax hikes....
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Feb 11, 2013
02/13
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congress passed the compromise to avoid the fiscal cliff and that contained almost yours truly $trillion of deficit cuts and most of that was true additional revenues by establishing the permanent tax rate at 39.6% of wealthiest people and permanent tax relief for middle class taxpayers. we are up to around $2.5 trillion of deficit reduction since we last talked. now we are getting to march 1. and march 1, if we do not act, sequestration will take effect. these are across the board cuts. these were never intended to take effect. they were intended to get congress to act on a long-term budget plan, that was the intent of it. but we're at the day of judgment, march 1. and they will take effect to our national defense budget as well as our domestic budget. the cuts are actually larger on the military side. and if they take effect on march 1, if they take effect, they will cause significant damage to our country, to our national security redness, to our commitment to provide essential services to the people of this country and to our economy. let me talk a little bit about the number of jobs
congress passed the compromise to avoid the fiscal cliff and that contained almost yours truly $trillion of deficit cuts and most of that was true additional revenues by establishing the permanent tax rate at 39.6% of wealthiest people and permanent tax relief for middle class taxpayers. we are up to around $2.5 trillion of deficit reduction since we last talked. now we are getting to march 1. and march 1, if we do not act, sequestration will take effect. these are across the board cuts. these...
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Feb 23, 2013
02/13
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one of the reasons why we're here, one of the reasons why we had the fiscal cliff fight and why we're discussing this is that everybody recognizes that these kind of indiscriminate, across-the-board cuts aren't good for the economy, aren't good for our defense, and they're not the way to sensibly reduce our deficit. >> i understand that. i'm just saying this president, as all presidents before him, took pride in prioritizing. and i'm just asking, as a priority for the president, the signal to the agencies would be prioritize your core functions >> absolutely. >> -- over non-essential functions like this or something like it. >> again, i appreciate on the item that you mentioned and i'm sure that somebody will get back to you with an answer on that. the fact of the matter is you just had a cabinet secretary with enormous responsibility for an agency that affects everybody who travels in our skies tell you exactly that -- that that's what he is doing on the instructions of the president. within the law, he's looking at every available mechanism to lessen the impact of these cuts on the
one of the reasons why we're here, one of the reasons why we had the fiscal cliff fight and why we're discussing this is that everybody recognizes that these kind of indiscriminate, across-the-board cuts aren't good for the economy, aren't good for our defense, and they're not the way to sensibly reduce our deficit. >> i understand that. i'm just saying this president, as all presidents before him, took pride in prioritizing. and i'm just asking, as a priority for the president, the...